1800 Ashmun St, Sault Ste Marie, MI 49783
sale
$995,000
|
Other
Courtesy Of OUTSIDE OFFICE
2700 Davitt Street, Sault Ste. Marie, MI
Turn-key, high-occupancy 18-unit + Owner's Quarters Motel investment in Sault Ste. Marie, MI delivering an exceptional 10.5% cap rate at 100% occupancy. This cash-flowing asset is ideal for an investor or owner-operator looking to capitalize on the Upper Peninsula's booming tourism, maritime commerce, university market-and what Perfect timing for a buyer with the New Lock at the Soo construction project slated to be ongoing until 2030. This ensures a sustained influx of contracted crews, corporate travelers, and industrial workforce housing demand directly to the immediate area. Outstanding 10.5% Cap Rate with proven year-round steady occupancy. Brand new roof installed in 2026, eliminating major near-term capital expenditures. Several guest units have been updated with new flooring and paint, to enhance procurement of the best lease rates. Electric baseboard heat paired with individual AC units in every room for optimized tenant comfort and energy efficiency. Customizable on-site manager/owner quarters are ready to be completed to your exact specifications. City approved floor plan included with sale, print available upon request. Owner's quarters projected rent is estimated to be $1000 to $1200 a month. Situated on a .40 acre corner lot along a high-visibility corridor just minutes from the historic Soo Locks, Kewadin Casino, and Lake Superior State University. Currently operating on month to month tenancy, but if you're thinking of converting this property back to nightly or weekly rentals for transient guests, this property location benefits from a steady stream of commercial travelers, seasonal tourists, and international cross-border traffic. Don't miss this rare, low-maintenance income producer fronting on the high visibility I-75 Business Loop with built-in equity growth potential. Financials available upon request.
Read More About This Property
Read Less About This Property
Copyright © 2026 Eastern Upper Peninsula Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Exterior Type: Masonry
- Exterior Type: Wood Frame
- Heating System: Baseboard
- Heating System: Electric (Heating)
- MLSID: 26-699
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$1,250,000
Other
1602 Ashmun St
Sault Ste Marie, MI 49783
Building: 9,959 sq. ft.
Courtesy Of Five Water Realty
1602 Ashmun, Sault Ste. Marie, MI
sale
$1,200,000
Other
427 W Portage Ave
Sault Ste Marie, MI 49783
Building: 7,673 sq. ft.
Courtesy Of Superior Shores Realty
7967 N. M-123, Paradise, MI
sale
$995,000
Other
1800 Ashmun St, Sault Ste. Marie, MI 49783
Sault St Marie, MI 49783
Building: 4,528 sq. ft.
|
Land: 0.4 Acres
Courtesy Of Coldwell Banker Schmidt Realtors
402 E Front Street, Traverse City, MI 49686
sale
$900,000
Other
227 W PORTAGE Ave
Sault Ste Marie, MI 49783
Building: 3,200 sq. ft.
Courtesy Of Five Water Realty
1602 Ashmun, Sault Ste. Marie, MI